Abstract:
Analyzing the price chart for Altair Nanotechnologies (NASDAQ:ALTI) has revealed a potential bearish dark cloud cover pattern. Thus far today, Altair Nanotechnologies has traded 61,000 shares, vs. average volume of 601,000 shares per day. The company traded 120,000 shares yesterday. In a case like this, a bearish candle is more reliable if the gap up occurs at resistance and is accompanied by a surge in volume. During today's trading session, the stock had gapped up, but then encountered selling pressure that pushed the stock lower.